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Keyword: oil

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  • Employee of liberal activist group charged with assaulting Zinke staffer

    03/20/2018 5:47:25 PM PDT · by yesthatjallen · 23 replies
    The Hill ^ | 03/20/18 | Julia Manchester
    An operative for American Bridge 21st Century (Founder DAVID BROCK), a pro-Democrat political action committee, has been charged with assaulting a staffer working for Interior Secretary Ryan Zinke, according to the Associated Press. Wilfred Stark was charged with simple assault after he allegedly approached Zinke, yelling at him, outside of a hearing. Stark then “used his full body to push” Zinke's spokeswoman, Heather Swift, as she moved to leave the room, according to the police report cited by the AP. “He is a big guy. He came up behind me fast, aggressive and very physical,” Swift said in a statement...
  • Arnold Schwarzenegger Calls for Warning Labels on 'Every Product That Has Fossil Fuels'

    03/17/2018 6:11:24 AM PDT · by C19fan · 101 replies
    PJ Media ^ | March 16, 2018 | Tyler O'Neal
    At South by Southwest this week, actor and former California governor Arnold Schwarzenegger argued that every single product made using fossil fuels should come with a warning label due to climate change. He suggested that oil companies are killing people by abetting the burning of fossil fuels, and that all products using fossil fuels should be marked as associated with hazards like tobacco. “We’re going to go after them, and we’re going to be in there like an Alabama tick," Schwarzenegger said. "Because to me it’s absolutely irresponsible to know that your product is killing people and not have a...
  • New Mexico oil production gushes to all-time record (#3 in nation)

    03/13/2018 10:36:42 AM PDT · by CedarDave · 16 replies
    The Albuquerque Journal ^ | March 12, 2018 | Kevin Robinson-Avila
    New Mexico oil production is booming at levels never before seen in state history, pushing output last year to an all-time record of 171 million barrels, according to the latest statistics from the state Oil Conservation Division. That’s more than double the 85 million barrels the state produced in 2011, when modern drilling technology began pumping new life into the aging Permian Basin in southeastern New Mexico and West Texas. Output last year climbed 17 percent over 2016, when the state produced 146 million barrels. The boom reflects massive investments in the New Mexico side of Permian, where huge companies...
  • Schwarzenegger Wants To Sue Oil Companies For Murder? They've Helped Lift Billions Out Of Poverty

    03/13/2018 5:01:10 AM PDT · by SeekAndFind · 15 replies
    IBD ^ | 03/13/2018
    Climate change expert Arnold Schwarzenegger recently declared that he will be suing oil companies for murder because use of their product is warming the planet. Here's a better idea: Thank the oil industry for contributing to unprecedented prosperity around the world. Speaking to Politico during the SXSW festival in Texas, Schwarzenegger said that he will be mounting a lawsuit against oil companies "for knowingly killing people all over the world." "This is no different from the smoking issue," Schwarzenegger said. "The oil companies knew from 1959 on, they did their own study that there would be global warming happening because...
  • Schwarzenegger to Sue Big Oil for ‘First Degree Murder’(WTH?)

    03/12/2018 8:27:55 AM PDT · by rktman · 56 replies ^ | 3/12/2018 | EDWARD-ISAAC DOVERE
    AUSTIN, Texas — Arnold Schwarzenegger’s next mission: taking oil companies to court “for knowingly killing people all over the world.” The former California governor and global environmental activist announced the move Sunday at a live recording of POLITICO’s Off Message podcast, recording here at the SXSW festival, revealing that he’s in talks with several private law firms and preparing a public push around the effort. “This is no different from the smoking issue. The tobacco industry knew for years and years and years and decades, that smoking would kill people, would harm people and create cancer, and were hiding that...
  • Ukraine began to nationalize Russia's Gazprom assets

    03/07/2018 7:45:53 PM PST · by NorseViking · 25 replies
    The Ukrainian authorities began to seize assets of the Russian holding company Gazprom for allegedly failing to comply with the Stockholm Arbitration Order and violating the monopoly legislation of Ukraine. It happened following the comments of the Ukrainian Cabinet of Ministers. According to the court decision, the department of the state executive service intends to recover from Gazprom almost 172 billion hryvnia in favor of the state budget of Ukraine. "In this case, the identification and arrest of assets belonging to Gazprom in Ukraine began," it was reported. Among being seized the property of the companies Gazpromprom Ukraina and the...
  • A ‘Major Second Wave’ of U.S. Fracking Is About to Be Unleashed Upon the World

    03/07/2018 5:44:48 PM PST · by Hojczyk · 39 replies
    Time ^ | March | By JUSTIN WORLAND
    The International Energy Agency (IEA) said in a new forecast this week that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas. Republicans politicians and policymakers celebrated the news and sought to take credit for the development. Trump has sought to portray himself as a savior of the U.S. oil and gas industry, opening up federal lands to oil...
  • U.S. Will Be the World’s Largest Oil Producer by 2023, Says IEA

    03/05/2018 5:17:42 AM PST · by RoosterRedux · 21 replies
    WSJ ^ | Sarah Kent
    The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. U.S. crude production is expected to reach a record of 12.1 million barrels a day in 2023, up about 2 million barrels a day from this year, said the International Energy Agency, which advises governments and corporations on industry trends. American oil output will surge past Russia, currently the world’s largest crude producer at about 11 million barrels a day. The IEA’s closely watched five-year forecast showed the U.S. hitting...
  • U.S. Looks To Dethrone Russia As Top Oil Producer

    03/01/2018 7:46:45 AM PST · by bananaman22 · 8 replies ^ | 01-03-2018 | Tsveta
    ust a few years ago, hardly anyone expected that that the U.S. would be competing with the world’s top oil producers for the number 1 spot. Yet, thanks to the shale resurgence, here we are—over the past few weeks, American crude oil production outstripped that of Saudi Arabia, OPEC’s de facto leader and biggest exporter. Now the U.S. is on track to dethrone in the coming months the world’s current leader in oil production: Russia.
  • The $1 Trillion Wealth Fund Defying Markets

    02/28/2018 11:02:33 AM PST · by bananaman22 · 2 replies ^ | 02-28-2017 | gerald
    Norway’s $1 trillion-dollar sovereign wealth fund doubled its return on investment last year, and this year, it’s not shying away from the markets--even when many are giving up on the bull run. In fact, the fund is wholeheartedly embracing the spike in volatility, with plans to add some $40 billion in stocks to its portfolio. After all, the fund beat its own benchmark and it’s riding high on massive $130 billion in winnings. First, let’s look at last year’s success story:
  • U.S. to overtake Russia as top oil producer by 2019 at latest: IEA

    02/27/2018 12:20:14 AM PST · by Berlin_Freeper · 17 replies ^ | February 27, 2018 | Osamu Tsukimori
    The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets.
  • Kirkuk oil deal with Iran delayed by security concerns

    02/26/2018 8:20:15 AM PST · by mac_truck · 6 replies
    Rudaw (Kurdish) ^ | 2/26/18 | Staff
    ERBIL, Kurdistan Region – Security concerns have caused Iranian officials to delay the implementation of a deal to truck crude oil from Kirkuk to Iran, the head of the Iran-Iraq Chamber of Commerce announced on Monday. The delay comes a day after a suicide bomber targeted a Hashd al-Shaabi office in Kirkuk and after ISIS killed two police officers at an oilfield in the province on Saturday. “A large number of ISIS terrorists attacked a post of the oil police force near well 43 in the Khabbaz oilfield, killing two and wounding a third,” a security source told AFP. Iraq...
  • Why The Next Oil Boom Will Be Fueled By Blockchain

    02/21/2018 4:16:35 PM PST · by bananaman22 · 27 replies ^ | 21-02-2017 | Mike
    Big Oil is due for a disruption. The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It’s official: Blockchain technology has infiltrated Big Oil. The hype behind blockchain has reached a full-blown frenzy. And for good reason. The technology, which creates secure ledgers for digital transactions and rapidly accelerates the pace at which transactions can be made, has the potential to disrupt every major industry: real estate,...
  • Trump Admin Announces Largest Oil And Gas Lease Sale In U.S. History

    02/16/2018 8:28:46 PM PST · by Rabin · 28 replies ^ | Oct 24, 2017 | Zainab Calcuttawala -Scott Angelle
    The U.S. Department of the Interior will offer offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas exploration and development //snipp// This will be the largest such lease sale in the country's history, it will include almost 77 million acres of federal waters in the Gulf. The lease sale will be live streamed online from New Orleans.
  • Argentina Is On The Cusp Of A Shale Boom

    02/16/2018 11:05:04 AM PST · by nickcarraway · 15 replies
    OILPRICE ^ | Feb 15, 2018 | Matthew Smith
    The end of the Peronist hold on Argentine politics and rise of pro-business president Mauricio Macri has heralded in a new age for what was long regarded as one of the most economically unstable nations in Latin America. The former Buenos Aires mayor and businessman won the presidency in 2015, ousting his mercurial populist Peronist predecessor Cristina Fernández de Kirchner. Since coming to power, Macri has worked to restructure a shattered economy ruined by decades of market warping tariffs and subsidies, protectionism, heavy handed regulation, rampant inflation and unsustainable fiscal policies. The center-right president has been able to achieve what...
  • Moscow Far More Worried about Trump than Many in the West Think

    02/14/2018 2:17:08 PM PST · by GoldenState_Rose · 30 replies
    Window on Eurasia ^ | February 12, 2018 | Liliya Shevtsova
    Many analysts dismissed “the Kremlin list” the Trump Administration released two weeks ago as a bad joke or worse and thus failed to recognize the extent to which its contents in fact have made Moscow far more afraid of the US president than they were before, according to Liliya Shevtsova. First of all, “by publishing practically the entire list of members of the Russian government and Presidential Administration, the White House shifted from the traditional Western effort of trying to divide the Russian elite into pro-Western and anti-Western factions..." Instead, it properly treated the entire kleptocratic elite as being linked...
  • The Death of Oil Has Been Greatly Exaggerated

    02/11/2018 7:05:18 AM PST · by NOBO2012 · 38 replies
    MOTUS A.D. ^ | 2-11-18 | MOTUS
    The proclamation of solar power’s dominance may have been a bit prematureMeanwhile, in the Oil-ympics, Team USA is currently looking strong: US sells oil to the Middle East as surging domestic production puts America on pace to rival Russia and Saudi as world's top energy producer. In 2013, the US shipped just over 100,000 barrels a day.This past November, American firms exported 1.53 million barrels a day.The US now exports up to 1.7 million barrels per day of crude, and this year will have the capacity to export 3.8 billion cubic feet per day of natural gas.Terminals conceived for importing...
  • How Soaring US Oil Exports to China are Transforming the Global Oil Game

    02/10/2018 10:43:27 AM PST · by Oatka · 34 replies
    Reuters via gCaptain ^ | 02/09/2018 | Henning Gloystein
    [Reuters] Bit by bit, the U.S. petroleum industry is turning world oil markets inside out. First, sharp drops in U.S. imports of crude oil eroded the biggest market that producers like OPEC had relied on for many years. Now, surging U.S. exports – largely banned by Washington until just two years ago – challenge the last region OPEC dominates: Asia.
  • Gulf Coast Shipping Boom: U.S. Oil Exports Pour Into Worldwide Markets

    02/09/2018 11:44:21 AM PST · by Oatka · 22 replies
    Reuters via gCaptain ^ | Catherine Ngai, Libby George and Florence Tan
    [Reuters] In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. The repeal has unleashed a flood of U.S. shale oil, undercutting global crude prices, eroding the clout of the Organization of Petroleum Exporting Countries (OPEC) and seizing market share from many of its member countries.
  • Oil Prices Tank As U.S. Drillers Add Massive Number Of Rigs

    02/09/2018 10:20:16 AM PST · by bananaman22 · 31 replies ^ | 02-09-2018 | Juli
    As if the recent nosedive that oil prices have taken in the last few days wasn’t bad enough—Baker Hughes reported a staggering increase to the number of rigs. The number of active oil and gas rigs increased by 29 to Baker Hughes data. This brings the total number of oil and gas rigs to 975, which is an addition of 234 rigs year over year.